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Sep 30, 2012
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i mean, these great, great golden pension plans, everything else that's given to them, healthcare for life, and their family, survivor benefits, everything else. that's not right. that's where the change has to take place. you can't change the rules in the middle of the game right now, guys, because you once you do that people will revolt. >> hold on, jonathan. jim, here's an economic question for you. what would it do to the economy if we don't bail out these public pensions, in particular when you do have states facing trillions of dollars in debt right now? >> well, the money's not there. so you either have to bail them out or not bail them out. if you don't, the states run out of money, it ends up in the court, and it's an absolute economic moras. the other thing i want to address here is the idea that wall street took all these reckless bets and made all these reckless proms and governments didn't it idiotic. a lot of pension funds you can work for 20 years and be fully vested for the next 40, 50 years of your life. it's just like greece. none of them make economic or mathematica
i mean, these great, great golden pension plans, everything else that's given to them, healthcare for life, and their family, survivor benefits, everything else. that's not right. that's where the change has to take place. you can't change the rules in the middle of the game right now, guys, because you once you do that people will revolt. >> hold on, jonathan. jim, here's an economic question for you. what would it do to the economy if we don't bail out these public pensions, in...
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connell: back on markets now to talk a little healthcare. first a few quick sports headlines for you. the eagles last night, put the victory up on sunday night football, michael vick touchdown to jackson gave the eagles lead at end of first half. little help in half number two from eli manning, intercepted in the end zone. but in the end the giants still had a chance to win. their kicker had what would have been a career high field goal 54 yards. he didn't make it. so the eagles won. now golf you know that europe had the big comeback to beat the u.s. in the ryder cup but a funny story involving rory mcilroy playing there at the ryder cup. he somehow didn't figure out or remember he was on central time, not eastern. he almost missed his tee off. got a phone call 25 minutes before he was set to tee off, managed to make it barely in time, like ten minutes before he was supposed to tee off. hardly warmed up. of course he won. still even with that rory mcilroy, pretty good job. where's rory? dagen: you don't have to be a genius to hit a golf ball
connell: back on markets now to talk a little healthcare. first a few quick sports headlines for you. the eagles last night, put the victory up on sunday night football, michael vick touchdown to jackson gave the eagles lead at end of first half. little help in half number two from eli manning, intercepted in the end zone. but in the end the giants still had a chance to win. their kicker had what would have been a career high field goal 54 yards. he didn't make it. so the eagles won. now golf...
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Sep 26, 2012
09/12
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united healthcare went in. now we will look at a change on the s&p 500 did kraft foods group will replace a natural resources in the s&p 500. that is after they left the dow. a natural will go into a smaller s&p index. going into the s&p, the mid-cap index. that will be interesting to watch as well. it has been an underperforming. it will be a big move for kraft as well. they have to exactly duplicate that average. those 500 stocks would give thought. thank you. cheryl: nicole petallides, we will see you in 40 minutes. joining forces with clinton global initiative. philippe cousteau cofounder biz five. we have been on this journey. it is up 5% since you are here and made. >> yes, we are very excited about it. on sunday year with president clinton. you are making your first charitable commitment. >> the fund was designed to be an etf with a mandate that would hopefully be successful and has been. a percentage goes into charitable foundations. we announced the project supporting healthcare initiative , a hospital
united healthcare went in. now we will look at a change on the s&p 500 did kraft foods group will replace a natural resources in the s&p 500. that is after they left the dow. a natural will go into a smaller s&p index. going into the s&p, the mid-cap index. that will be interesting to watch as well. it has been an underperforming. it will be a big move for kraft as well. they have to exactly duplicate that average. those 500 stocks would give thought. thank you. cheryl: nicole...
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some of these regulatory burdens which come out of the dodd frank legislation, which come out of the healthcare, and that might allow the economy to do better, so you get, you know, the equity market to respond a bit more positively, perhaps, and treasuries a bit more negatively. dagen: got you on that, chris. one last thing, though, we got that report, speaking of the economy, from adp earlier today, is there any reason for us and you to believe that job creation will pick up significantly in say the next six months? >> i don't think significantly, no. the adp report is nice. we like it because it gives us something to trade, but there's been very little correlation between adp data and non-farm payrolls. and frankly as we go from where we stand now into the end of the year, and the first part of next year, you know, we think the economy is going to be very sluggish as people sit back and wait to see how this fiscal cliff issue is dealt with by the new legislature and executive. dagen: pull the belts tight, that's all we can say. chris, thank you. good to see you as always. thanks for making s
some of these regulatory burdens which come out of the dodd frank legislation, which come out of the healthcare, and that might allow the economy to do better, so you get, you know, the equity market to respond a bit more positively, perhaps, and treasuries a bit more negatively. dagen: got you on that, chris. one last thing, though, we got that report, speaking of the economy, from adp earlier today, is there any reason for us and you to believe that job creation will pick up significantly in...
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Sep 26, 2012
09/12
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healthcare will continue to grow as well. all those factors are important. we have our challenges like the rest of the united states but having a sense of urgency and making it happen now is what is in our culture and makes this a city of success. melissa: you know what makes business take because you were the ceo of pizza hut and you are running the city well. the second city in texas we have highlighted in the past week that is adding jobs and doing something right. all about texas. good news. stocks go down. bad news stocks go up. charles payne tries to make sense of all of it for us but take a look at the metals and how metals are driving trading. gold down 1% but copper is the biggest loser on a percentage basis. we will be right back. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trade
healthcare will continue to grow as well. all those factors are important. we have our challenges like the rest of the united states but having a sense of urgency and making it happen now is what is in our culture and makes this a city of success. melissa: you know what makes business take because you were the ceo of pizza hut and you are running the city well. the second city in texas we have highlighted in the past week that is adding jobs and doing something right. all about texas. good...